Equities resume week on negative trend
By Kayode Ogunwale

The Nigerian equities market began the week on a negative trend as bourse shed 0.06 per cent of its main index and value.
The index and market capitalization closed at 25,318.41 basis points and N8.716 trillion respectively.
The NSE All Share Index and all sector indices closed in red save for NSE Banking Index, NSE Islamic Lotus Index and NSE Main Board which trended up while NSE Alternative Securities Market remained flat.
Shares of Wema Bank Plc, Access Bank Plc, Zenith Bank Plc, FCMB Plc and FBN Holdings Plc were the toast of investors as they traded 69.80 per cent of entire market volume an 26.42 per cent of the value. Volume of traded stood at 202.432 million while value recorded N1.616 billion.
The market breadth closed in favour of decliners as eight stocks appreciated lower than 15 of Friday, while 22 stocks declined higher than 19 of previous trading day.
Mobil Nigeria Plc top the gainers table with N5.00 kobo to close at N219.41 kobo. It was followed by Guaranty Trust Bank Plc with N0.38 kobo to close at N21.89 kobo and Ecoban Transnational Incorporated Plc with a gain of N0.30 kobo to close at N9.80 kobo. While National Salt Company of Nigeria (NASCON) Plc and Eterna Plc gain of N0.16 kobo and N0.13 kobo per share respectively to close at N7.00 kobo and N2.98 kobo separately.
On the other hand, Forte Oil Plc led the losers chart with N3.14 kobo to close at N59.66 kobo per share, followed by UACN Plc with N0.85 kobo loss to close at N16.15 kobo, Total Nigeria Plc, Zenith Bank Plc and Stanbic IBTC Holdings Plc losses N0.40 kobo, N0.30 kobo and N0.19 kobo per share respectively to close the day at N245.45 kobo, N13.50 kobo and N3.80 kobo in that order.